Solid Views for Smarter Trades 🎯

$14.1B in stablecoins left crypto in the last 30 days. $9.4B of it, two-thirds, came off Ethereum.

Tron lost just 1.3%. BSC lost 0.4%.

That points to DeFi and trading balances shrinking, while the main transfer rails held.

XRP whales on Hyperliquid went from 34.7% short to 20.5% long in about 32 hours.

Yesterday our tracker had 18 wallets short $44.4M. Now 16 are net long ~$21M, while XRP open interest there fell from $127.3M to $102.1M and price slipped 3.3%.

Same venue, opposite lean.

Four years after FTX filed for bankruptcy, BTC is +333.5% from that day's close, ETH +60.3%, SOL +405.5%. Prices came back. That doesn't mean the people who took the hit got those gains.

The lines start from the Nov 11, 2022 UTC close on Binance: BTC $17,070.31, ETH $1,289.28, SOL $16.45. Last point is a live quote as of 15:56 Beijing time, Nov 11, 2026.

$72.7M in SOL shorts across 15 tracked whale addresses equals 18.7% of Hyperliquid SOL open interest. A cluster worth watching on a rebound, not evidence that the whole market is leaning short.

Snapshot: Nov 11, 13:10 BJT. Our whale tracker’s short notional ÷ Hyperliquid public API SOL OI ($389.2M). Addresses aren't necessarily separate traders. app.hyperliquid.xyz/trade/SOL

-$1.33B: Hyperliquid's stablecoin base since its Sept. 23 peak, from $7.82B to $6.49B.

Over 30 days it's down 10.5%, faster than Ethereum (-6.5%) or Solana (-8.7%). Nov. 10 alone: -$122M, the biggest daily drop in a month.

Stablecoins don't fall with price. These dollars left.

Method: DefiLlama daily stablecoin supply by chain, full UTC days only, Oct 11 to Nov 10 for the 30-day changes. Peak is the highest daily print in the past year. Daily Nov 10 change is -1.9%. No single catalyst confirmed for the drop.

30,000 yuan a month: the top of DeepSeek's ops job ad in Ulanqab, about 6x the city's 4,768 average wage.

China's AI compute boom in Inner Mongolia is real. But one ops engineer told Renwu Daily his employer hired thousands last year and 3 this year.

Pay tiers come from a pseudonymous 5-year ops engineer interviewed by Renwu Daily (每日人物). The 15-30K x14 range is from DeepSeek's April job ads. Bloomberg reported in July that DeepSeek plans ~1 GW of compute in Ulanqab.

mp.weixin.qq.com/s/ROqpRioXqUSL…

$4.6B in Nvidia hardware went through one Singapore compute firm, Megaspeed, via its Malaysia and Indonesia units through Nov 30, 2025, per Bloomberg. Nvidia's board is now probing Jensen Huang's relationship with an executive tied to the firm, per NYT. Map below.

Map uses Bloomberg import data. Equity path from 2025 company filings as compiled by TechFlow. Relationship reporting: NYT via Inquirer. inquirer.com/business/techn…

3 of 4 featured bullish calls on BlockFlow's Top Discussions are underwater.

$BTC, the most-discussed asset (211 authors), is -7.0% since its May call. $NVDA (116) is -18.6%.

The only bearish call, on $CRCL, is the best one: -47.4%.

The crowd is loudest where it's losing.

Method: each featured card's price at publish (calls dated May 1-12) vs current price, snapshot Nov 10, 16:00 BJT. Author count = accounts posting on that asset now. AAPL is the lone bullish winner, +23.7%. Prices cross-checked vs CoinGecko/Yahoo.
blockflow.news/en-US/views

$XRP short share on Hyperliquid: 26.9% → 34.7% in 13 hours.

18 wallets on our whale tracker now hold $44.4M of XRP shorts vs $127.3M total open interest. XRP $1.09, -1.6% today, funding near flat.

Highest share of any market we track. Fuel if price turns, not a forecast.

Method: tracked short notional ÷ open interest from Hyperliquid's public API (XRP OI ≈ $127.3M at $1.0926 mark), Nov 10 12:00 BJT. 26.9% / $37.9M is our Nov 9 22:30 BJT snapshot. Day change vs prevDayPx $1.1107.

18 wallets isn't necessarily 18 traders. Data, not advice.

~8%: that's the cushion left on Finland's "Bitcoin Boiler" homes.

SunBit's math puts break-even (mining income = power bill) just under $70K. BTC is ~$75.3K. After the 2028 halving, the same free heat needs ~$131K.

Our read: a heater with a BTC call attached, not cheap heat.

Method: break-even figures are SunBit's model via CoinDesk (Nov 8; ~5.3kW miner, ~$0.11/kWh, hashrate held flat). BTC = Hyperliquid mid, 08:04 BJT.

Not in break-even: the ~$20K+ install. A heat pump gives 2.5-3 kWh of heat per kWh; a miner gives 1.
coindesk.com/markets/2026/1…

$126.7M in ZEC shorts sit with 17 wallets on our whale tracker, 23.7% of all ZEC open interest on @HyperliquidX.

ZEC is -4% today at ~$1,219, and funding sits at the default rate, so the short is cheap to hold.

That much one-sided size is fuel if price turns. Not a forecast.

Method: tracked short notional ÷ open interest from Hyperliquid's public API (439.9K ZEC × $1,218.8 mark ≈ $536M), Nov 9 22:30 BJT. Day change vs API prevDayPx $1,270.8; funding from the same feed.

17 wallets isn't necessarily 17 traders. Data, not advice.